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Commerce Short Question | Gkseries

Q.

Which one of the following items is not allowed as deduction while computing income from business and profession ?

[A] Fees paid to the lawyer for drafting partnership deed
[B] Loss due to embezzlement by an employee
[C] Legal expenses paid to protect the building of the business
[D] Cost of installing a new telephone
Answer & Explanation

Answer: Fees paid to the lawyer for drafting partnership deed

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